Eni and Vitol to strengthen collaboration in West Africa
Italy, March 19 -- Eni and Vitol have agreed that Vitol will acquire interests in certain assets owned by Eni in Cote d'Ivoire and the Republic of Congo for an aggregate consideration of USD1.65 billion at 1 January 2024, with standard cash adjustment at closing. Vitol will acquire an interest in both oil and gas producing assets and blocks undergoing exploration, appraisal and development. These include the Baleine project in Cote d'Ivoire, where Eni has a 77,25% ownership interest and Vitol will acquire a 30% participating interest, and Congo LNG project in the Republic of Congo, where Eni has a 65% participating interest and Vitol will acquire a 25% participating interest. Eni and Vitol are already partners in the OCTP and Block 4 projec...
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